Investing.com - U.S. stock futures pointed to a lower open on
Friday, as mounting tensions in Iraq and Ukraine continued to drag
global equity markets broadly lower.
Ahead of the open, the Dow 30futures pointed to a 0.34% fall,
S&P 500futures signaled a 0.40% loss, while the Nasdaq
100futures indicated a 0.40% decline.
Markets were jittery after U.S. President Barack Obama on
Thursday authorized air strikes in Iraq to put an end to an
onslaught by Islamic militants and begun military air-drops of
humanitarian supplies to besieged religious minorities to prevent a
"potential act of genocide".
Separately, Moscow banned imports of most food from the West in
retaliation against sanctions against it over Ukraine.
Visiting Kiev this week, NATO's secretary general says that
Moscow has massed troops on the country's border with Ukraine in
preparation for a possible ground invasion.
In earnings news, CBS Corp (NYSE:CBSa) reported second-quarter
profit that exceeded analysts' estimates, helped by share
repurchases. The company also doubled its buyback and raised the
dividend, sending shares up 0.18% in after-hour trade.
Zynga Inc (NASDAQ:ZNGA) saw shares plummet 7.53% in early
trading after the online game company posted quarterly results at
the low end of its forecast and cut its full-year outlook following
the decision to delay new games.
News Corp (NASDAQ:NWSA) was also likely to be active after
reporting quarterly earnings below analysts' predictions for the
first time, due to difficulties in transitioning from print to
Elsewhere, Lululemon Athletica (NASDAQ:LULU) surged 6.07% in
extended trade after founder Chip Wilson agreed to sell half of his
stake in the yogawear retailer to Advent International Corp. for
$845 million and forgo pursuing a buyout for at least year, ending
a fight with the board.
Among energy stocks, Exxon Mobil (NYSE:XOM) edged up 0.08% after
hours as it and its Russian partner OAO Rosneft were reportedly
planning to start exploration drilling in Russia's Kara Sea,
ignoring diplomatic tensions between the U.S. and Russia.
Across the Atlantic, European stock markets were lower. The DJ
Euro Stoxx 50 dropped 0.53%, France's CAC 40 declined 0.47%,
Germany's DAX tumbled 0.92%, while Britain's FTSE 100 slumped
During the Asian trading session, Hong Kong's Hang Seng fell
0.23%, while Japan's Nikkei 225 plunged 2.98%.
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